CAE (TSE:CAE) Given New C$33.00 Price Target at CIBC

CAE (TSE:CAE) (NYSE:CAE) had its price objective lifted by equities researchers at CIBC from C$30.00 to C$33.00 in a note issued to investors on Thursday,BayStreet.CA reports. CIBC’s price objective suggests a potential upside of 8.30% from the stock’s current price.

CAE has been the topic of a number of other research reports. Royal Bank of Canada increased their price objective on CAE from C$27.00 to C$34.00 in a report on Thursday. National Bankshares raised their price target on CAE from C$30.00 to C$34.00 in a research report on Wednesday. BMO Capital Markets cut their price objective on CAE from C$34.00 to C$33.00 in a research report on Thursday, July 18th. Scotiabank boosted their target price on shares of CAE from C$30.00 to C$32.50 in a research report on Thursday. Finally, Canaccord Genuity Group reduced their price target on shares of CAE from C$28.50 to C$27.00 in a report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$32.35.

CAE Stock Up 1.0 %

Shares of CAE stock traded up C$0.29 during midday trading on Thursday, hitting C$30.47. The company’s stock had a trading volume of 1,012,136 shares, compared to its average volume of 624,623. CAE has a 1-year low of C$22.28 and a 1-year high of C$30.84. The company has a quick ratio of 0.71, a current ratio of 0.89 and a debt-to-equity ratio of 74.24. The firm has a market capitalization of C$9.71 billion, a P/E ratio of -28.48, a PEG ratio of 1.76 and a beta of 1.91. The stock has a 50-day simple moving average of C$25.22 and a 200-day simple moving average of C$25.42.

CAE (TSE:CAE) (NYSE:CAE) last issued its earnings results on Tuesday, August 13th. The company reported C$0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.20 by C$0.01. CAE had a negative net margin of 7.39% and a negative return on equity of 7.43%. The company had revenue of C$1.07 billion during the quarter, compared to analyst estimates of C$1.05 billion.

About CAE

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.